Many people dream about traveling the world and experiencing different cultures, but for most, this is not an affordable or realistic goal in the past. Since the world of travel has become a lot more accessible in recent years, with many digital nomads choosing to spend a portion of their time in a different location from their home base. There are a number of advantages to this, including the ability to discover new things and meet new people, but it also can add up. Fortunately, there are many ways to make this lifestyle work for you.
Digital nomads have been experiencing a spectacular rise in popularity over the last decade, as companies have started outsourcing more and more of their work to the cloud. Digital nomads enjoy a lifestyle that allows them to work from anywhere, anytime, and travel freely around the world, for free.
You may have already considered becoming a digital nomad for some time, and perhaps you’ve even taken the first steps to making it happen. However, with the growing popularity and accessibility of digital nomadism, it’s becoming increasingly difficult for digital nomads to gain financial independence from their day jobs. In this article, we’ll explain how digital nomads can afford to travel full time.
Lower Cost Of Living
Working remotely full-time is something many people dream of. But the idea of traveling full-time to work is not so common, and many people wonder whether they can afford this. The good news is, the cost of living should be much lower than in your hometown. Since you’re able to work while traveling, the money you need to keep your lifestyle should be much lower than in your hometown.
While it’s not easy to live on $100 per day in an expensive city, but it’s possible to live on $20 per day in cheap city, and that’s what it takes to travel the world. This is why you often find people that are from expensive city moving to place like Bali, Chiang Mai or Kuala Lumpur for work. The cost of living is so much cheaper. With the same level of lifestyle, it can cost around USD 5k a month, but moving to place like Bali. It might only cost about USD 1.5k. If you live frugally, you can even save some money while travel to those cheaper places with lower cost of living.
Make Money Online
If you’re a digital nomad or a remote worker and you’re looking for a way to afford your travels, you don’t have to give up the lifestyle that you love. Finding a way to earn some extra cash on the side is a great way to supplement your income and still travel the world on a budget.
To travel full time as a digital nomad, you need to make money online. It can work on a full time remote job or getting a freelancer job. Or you might have an online business that allows you to make money while traveling. To make sure your lifestyle is sustainable, you need to earn at least USD 1,500 to survive. If you live frugally, most Asian Country are good enough for USD 1,000 a month.
Get A Remote Job
Digital nomads can afford to travel full time because they are able to work remotely. The number of remote jobs out there is growing exponentially, and that means that remote work is becoming more accessible to companies and startups across the world. This makes it an increasingly viable option for many people, especially those who love traveling, but don’t necessarily want to live full time somewhere.
Rent Out Your House
Many digital nomads rent out their house when they are traveling. This allows them to make some extra cash while traveling. It’s good to renting out a house while you’re staying in it is a fantastic way to earn some money while also staying in a location you love. On the other, it’s a great way to make money to cover some expensive from it. Some digital nomads have few properties able to help them afford travel full time without working, but it’s usually minority.